Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    243 Park St Easthampton, MA 01027-2145

    • Specialty properties
    • 2,849 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0151445
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Specialty properties

    Property Details for 243 Park St

    Year built
    2010
    Lot size
    0.46 lot acres
    Property size
    2,849 SF
    Zone code
    R15
    Property type
    Specialty properties
    APN
    EHAM M:00165 B:00030 L:00000
    APU
    EHAMM00165B00030L00000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $397,000
      Market price range: $147k - $397k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $280,000
      Current use
      OFFICE BUILDING
      $415,000
      Change: +49% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $335,000
      Change: +19% Conversion: Difficult
      RETAIL STORES
      $320,000
      Change: +15% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $310,000
      Change: +10% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Easthampton
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.6813
    Latitude
    42.2465
    CBSA code
    44140
    CBSA name
    SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $124,000
    $655,400
    $779,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $255,000
      197.32 Acres

      44 Edwards Rd

      CHARITABLE ORGANIZATION • 197.32 Acres
      44 Edwards Rd, Westhampton, MA 01027-9614
      View Details
    • Value Estimation
      $255,000
      4.20 Acres

      Mine Rd

      CHARITABLE ORGANIZATION • 4.20 Acres
      Mine Rd, Westhampton, MA 01027
      View Details
    • Value Estimation
      $255,000
      82.10 Acres

      Tipping Rock Rd

      CHARITABLE ORGANIZATION • 82.10 Acres
      Tipping Rock Rd, Westhampton, MA 01027
      View Details
    • Value Estimation
      $355,000
      3,891 SF

      127 Combs Rd

      CHARITABLE ORGANIZATION • 3,891 SF
      127 Combs Rd, Easthampton, MA 01027-9704
      View Details
    • Value Estimation
      $275,000
      6.40 Acres

      Ft Hl Rd

      CHARITABLE ORGANIZATION • 6.40 Acres
      Ft Hl Rd, Easthampton, MA 01027
      View Details
    • Value Estimation
      $325,000
      6,056 SF

      246-248 Main St

      CHARITABLE ORGANIZATION • 6,056 SF
      246-248 Main St, Easthampton, MA 01027
      View Details

    Similar Nearby for Sale

    • $750,000

      Commercial Building in Central Easthampton

      Commercial building suitable for various ventures with ample parking.
      190-192 Pleasant St, Easthampton, MA 01027
      View Details
    • $1,500,000

      Equestrian Estate with Indoor Arena

      15-acre equestrian property with river frontage and indoor arena.
      200 Easthampton Rd, Westhampton, MA 01027
      View Details
    • $799,900

      Mixed-Use Property with Restaurant

      Mixed-use property featuring a restaurant and residential units.
      117-119 Union St, Easthampton, MA 01027
      View Details
    • $499,000

      Updated Two-Family Home Investment

      Two-unit property with modern updates and immediate rental income.
      52-54 Everett St, Easthampton, MA 01027
      View Details
    • $975,000

      Landmark Restaurant & Bar For Sale

      Turnkey restaurant and bar with million-dollar views and full liquor license.
      100 Mountain Rd, Easthampton, MA 01027
      View Details
    • $399,000

      Spacious Duplex with Garage

      Two-family home with large units, garage, and development potential.
      108 Parsons St, Easthampton, MA 01027
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo

      New Easthampton Office Space Available

      New office spaces for lease with optional garage spaces.
      15 2Nd Ave, Easthampton, MA 01027
      View Details
    • $600 /Mo

      Affordable Office Space in Easthampton

      Downtown Easthampton office space with utilities and amenities included.
      123 Un St 101, Easthampton, MA 01027
      View Details
    • $13 SF/Yr
      1,500 SF

      Office Space For Rent

      Office space available for lease in Easthampton, MA.
      179 Northampton St, Easthampton, MA 01027
      View Details
    • $1.00 SF/Yr

      14,000 SF Flex/Industrial Space

      Flex/industrial space with loading docks and drive-in capability for lease.
      122 Pleasant St, Easthampton, MA 01027
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    243 Park St
    Easthampton, MA 01027-2145
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.